1st Grade Economics

1st Grade Economics

1st Grade

11 Qs

quiz-placeholder

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1st Grade Economics

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Assessment

Quiz

Social Studies

1st Grade

Medium

Created by

Sara Wheeler

Used 2+ times

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11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is scarcity?

Limited wants are less than unlimited resources

You can have everything you want if you work hard enough

Unlimited wants are greater than limited resources

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money is limited.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the goods.

A pair of shoes

A car wash

A hair cut

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A want is something that you cannot live without.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an income?

Money you get from the government

Paying your bills

Money you earn by working

Money you get for playing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Choose the service.

A new pair of shoes

Cooking food for someone at a restaurant

A jacket

A sandwich

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You are making a good choice if you buy wants first and then needs.

True

False

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